# Daiken cleared to buy Dongwha MDF plant in New Zealand

The New Zealand Commerce Commission cleared Japanese company Daiken Corp to acquire the Dongwha medium-density fibreboard plant near Mataura, Southland, from Korean-owned Dongwha International Co and Laminex Group. The acquisition was approved as it would not substantially lessen competition.

- Type: Acquisition
- Announced: 2018-03-26
- Where: Mataura, Southland, New Zealand
- Status: announced
- Products: medium-density fibreboard (MDF)
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Daiken Corp](https://endata.com/companies/31225.md) (acquirer)
- [Dongwha International Co](https://endata.com/companies/31226.md) (partner)
- [Laminex Group](https://endata.com/companies/31227.md) (partner)

## Sources

- [odt.co.nz](https://www.odt.co.nz/business/no-objection-to-daiken-buying-dongwha-mdf-factory-dobttb7z), 2018-04-09: "Japanese company Daiken Corp has been cleared by the Commerce Commission to buy Southland-based MDF manufacturer Dongwha, for an undisclosed sum."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.